Charity Registration Number: 1147523 ## **St. George Eritrean Orthodox Church** Annual Report & Unaudited Accounts For The Year Ending 31[st] January 2025 ## **St. George Eritrean Orthodox Church Contents For The Year Ending 31[st] January 2025** Company Information Trustees Report Statement Of Activities Statement Of Financial Position Chairperson Report Notes To the Financial Statements ## **St. George Eritrean Orthodox Church Company Information For The Year Ending 31[st] January 2025** ## Trustees Habtom Gebre (Chair) Kibrom Berhe Rahwa Kfle Fesaha Kfle Tesfay Yowhanns Hagos Awet Muluebrhan Teklom Kiflue Tesfay Semereab Aster Asmerom Semereab Abraham Tesfit Kahase Beraki Mulugeta Tekle Registered Office 30-32 Barnsley Road Edgbaston Birmingham B17 8ED ## **St. George Eritrean Orthodox Church Trustees Report For The Year Ending 31[st] January 2025** The trustees of St. George Eritrean Orthodox Church are pleased to present their annual report together with the financial statements of the charity for the period from 1[st] February 2024 to 31[st] January 2025. The said report and financial statements are prepared to meet and comply with the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice FRS 102. ## **Aim & Purpose** The charity is set up to advance the Christian Orthodox religion in the West Midlands and surrounding areas in accordance with teaching and practices of the Eritrean Orthodox Christian Patriarch for the benefit of the public regardless of ethnic origin. ## **Objectives and Activities** The charity is committed to enabling as many people as possible to worship at the church through. - Holding of religious services (masses are open to the public, conducting of religious celebrations such as marriages, christenings, funeral services, and special prayer for the departs. etc) - Conducting Orthodox church bible studies and religious teachings - Public celebrations of religious festivals - Distributing literature on Christian Orthodox religion to enlighten others about the religion. - Providing a place of worship for those who wish to attend the Christian Orthodox services and celebrations. - Providing pastoral care for people working in the parish ## **Structure, Governance & Management** ## **Governing Documents** St George Eritrean Orthodox Church is a registered charity number 1147523. The charity is governed by its Articles of Association in August 2014. The liability of each member in the event of winding-up is limited to £1. Anyone over the age of 18 can become member of the charity. ## **St. George Eritrean Orthodox Church Trustees Report - Continued For The Year Ending 31[st] January 2025** ## **Appointment Of Trustees** As set out in the Articles of Association those members of the church who are registered in the church register elect Trustees. All those who attend our services being members of the congregation are encouraged to register as members. Once appointed a Trustee serve for three years after which period, they put themselves forward for reappointment. The Trustees who served during the period are set out on page 3. The Trustees meet quarterly. The Trustees have nominated several working groups, which meet regularly to develop new programmes/activities, to assess progress as well to look for new and bigger church. ## **Review Of Activities** Over the stated period the church managed to provide church service every Sunday. In addition, there were additional church service for special dates in the honour of saints. The church has conducted 0,1S and 0 marriage, funeral, and christening services, respectively. The church is currently conducting its services in a rented church which allows a limited hour on Sunday. This has constrained the service of the church. To overcome this problem the Trustees have obtained a new church to continue its services and has begun repair work on the building. ## **Financial Results** ## **Statement Of Activities** Surplus for the year ending is £67,921. ## **Statement of Financial Position** The church has unrestricted funds of £440,385. ## **St George Eritrean Orthodox Church For The Year Ending 31st January 2025** ## **ACCOUNT HEADERS PROFIT & LOSS ACCOUNT** **PROFIT & LOSS BALANCE SHEET DEBIT CREDIT DEBIT CREDIT** |**Donations - Unrestricted**|-|59,844.68| |---|---|---| |**Donations - Restricted**|-|78,157.50| |**Casual Wages**|9,600.00|-| |**Purchases**|2,681.48|-| |**Heat & Light**|7,419.45|-| |**Repairs & Renewals**|48,336.41|-| |**Phone**|205.64|-| |**Postage, Printing & Stationary**|470.46|-| |**Accountancy Fees**|350.00|-| |**Depn**|1,017.00|-| ## **BALANCE SHEET ITEMS** |**Property Cost**||||700,000.00|-| |---|---|---|---|---|---| |**Office Equip Additions**||||4,069.86|-| |**Office Equip Depn' Charge**||||-|1,017.00| |**Bank Account**||||88,344.73|-| |**Accruals**||||-|350.00| |**Loan From Members**||||-|240,205.00| |**Other Loans**||||-|10,100.00| |**Restricted Funds**||||-|78,157.50| |**Unrestricted Funds**||||-|394,663.35| |**TOTAL OF COLUMN**|70,080.44|138,002.18||792,414.59|724,492.85| ||CHECK|67,921.74|-|67,921.74
|| ## **St. George Eritrean Orthodox Church Chairperson Report For The Year Ending 31[st] January 2025** For the year ending 31[st] January 2025 the charity was entitled to exemption from audit under 477 of the Companies Act 2006. No member has required the church to obtain an audit of its accounts for the year in question in accordance with section 476. The Trustees acknowledge their responsibility for: - Ensuring the church keeps accounting records which comply with the requirements of the Act. - - Preparing accounts which give a true and fair view of the situation of the church as at the end of this profit and loss for the financial year in accordance with the requirements of the church Act relating to accounts, so far as applicable to the church. The accounts were approved by the Trustees on …………. and signed on their behalf by: Habtom Gebre Chair ## **St. George Eritrean Orthodox Church Notes To the Financial Statements For The Year Ending 31[st] January 2025** ## **Statutory Information** The Church is a registered charity number 1147523, the liability for members of the charity being limited to £1 each. The presentation currency of the financial statements is pound sterling. ## **Principal Accounting Policies** ## **Accounting Convention** The financial statements are prepared under the historic cost convention. In preparing the financial statements the Church follows the best practice in the UK asset out in Accounting and Reporting by Charities: Statement of Recommended Practice2015—FRS102. ## **Income** Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity must fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. ## **Expenditures** Expenditures are included when incurred. ## **Depreciation** Depreciation is included on the statement of financial position. The assets included in the period are depreciated at 25% on the reducing balance. ## **Going Concern** The cash and income of the charity has steadily increased in the foreseeable future and based on this the Trustees are in the view that there are no economic indicators that show that the sustainability of the charity is under threat soon,